Comercio internacional, IED, capital humano e ingreso per cápita en América Latina y el Caribe
AbstractThis paper discusses the relationship between international trade and per capita income in 21 countries of Latin American and the Caribbean in the period 1977-2011. A model of neoclassical endogenous growth is developed to incorporate factors such as human capital and foreign trade which includes foreign technological capital stock. Econometric estimation employs a panel cointegration methodology. It is observed that foreign technology of exclusive use of foreign firms in Latin American countries narrowly drives per capita income. While imports of capital goods and the literacy rate contract it. It is estimated a positive relation between physical capital and income.
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Bibliographic InfoArticle provided by Universidad Autonoma de Nuevo Leon, Facultad de Economia in its journal Ensayos Revista de Economia.
Volume (Year): XXXII (2013)
Issue (Month): 1 (May)
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Find related papers by JEL classification:
- F11 - International Economics - - Trade - - - Neoclassical Models of Trade
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
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